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Oct 26
EUR/USD Technical - 23/Feb
Written by Praful Patat   
Wednesday, 23 February 2011 06:00

EURUSD back from Fib No 61.8% at 1.3537 from 1.1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. Now EURUSD  stay above 1.3696 strong resistance if break then going further up side toward 1.3742. On intraday, EURUSD will come back from 1.3792, again come down to 1.3690, 1.3625. In EURUSD strong resistance is 1.3696 which is Fib No. 61.8% from 1.3860 to 1.3427. EURUSD stays below 1.3696 then down toward to 1.3557 again come. At this moment, EURUSD is doing side movement on 1 hour chart.
Strategy: Buy at 1.3610 target 1.3780 with stop loss 1.3605 or sell at 1.3792 target 1.3690 with stop loss 1.3822 on intraday.
New High:  1.3677, 1.3767, 1.3740.
New Low:  1.3497, 1.3587, 1.3560.
R3-1.3805, R2-1.3736, R1-1.3694, PP-1.3625, S1-1.3557, S2-1.3515, S3-1.3446

EURUSD back from Fib No 61.8% at 1.3537 from 1.1.3427 to 1.3715, extension 127.2% at 1.3792, 161.8% at 1.3891. Now EURUSD  stay above 1.3696 strong resistance if break then going further up side toward 1.3742. On intraday, EURUSD will come back from 1.3792, again come down to 1.3690, 1.3625. In EURUSD strong resistance is 1.3696 which is Fib No. 61.8% from 1.3860 to 1.3427. EURUSD stays below 1.3696 then down toward to 1.3557 again come. At this moment, EURUSD is doing side movement on 1 hour chart.

Strategy: Buy at 1.3610 target 1.3780 with stop loss 1.3605 or sell at 1.3792 target 1.3690 with stop loss 1.3822 on intraday.

New High:  1.3677, 1.3767, 1.3740.

New Low:  1.3497, 1.3587, 1.3560.

Pivot:

R3-1.3805,

R2-1.3736,

R1-1.3694,

PP-1.3625,

S1-1.3557,

S2-1.3515,

S3-1.3446